15 March 2024
Adelaide market update with Bronte Manuel
Several key property trends emerged in Adelaide as we moved into the new selling year.
Our real estate market again outperformed the other capital cities last month, demonstrating remarkable strength and underlining exceptional resilience as cost-of-living pressures became more apparent.
According to the latest data from property market analyst CoreLogic, dwelling values in Adelaide rose by 1.3 per cent last month, marking an 8.8 per cent increase over the past year and a 3.7 per cent increase over the quarter. As a result, our property values remain at record levels.
By comparison, Canberra, Darwin, Hobart, and Sydney saw declines in dwelling values over the same period. Adelaide’s annual growth rate is particularly impressive, surpassing Brisbane (8.4%), Melbourne (0.5%), and Sydney (-0.1%).
A sparsity of stock remains a key market driver.
Nationally, CoreLogic estimates a 2.8 per cent decrease in sales volumes over the past year compared with the same period 12 months earlier. However, the volume of sales for the combined capital cities remained virtually unchanged, suggesting resilience in metropolitan markets. In Adelaide, sales volumes were relatively steady, down just 1.1 per cent compared with the same time last year.
A sparsity of stock remains a key market driver.
With very few new listings, especially over the Christmas/New Year period, competition for available homes has been strong, with a number of properties selling for prices well beyond initial vendor expectations.
While recent anecdotal evidence from our team suggests stock levels may improve in 2024, demand is still likely to outweigh supply.
TOOP+TOOP has performed exceptionally well within this context.
With 50 sales last month, an average sale price of $1,343,750, and an average of 22 days on market, our performance significantly surpassed the broader trends.
This highlights our ability to achieve premium prices and quick sales in a market that, while slowing nationally, remains quite buoyant in Adelaide.
Our reach across social media platforms, exceeding 375,000, has likely contributed to our strong performance, allowing us to effectively market properties to a wide audience and drive competitive interest in our listings.
In summary, the Adelaide property market has shown resilience and growth in a year where other cities have experienced declines.
TOOP+TOOP has capitalised on this strength, outperforming market averages in sales and days on market.
Despite the traditional year-end slowdown, our performance and Adelaide’s overall market trends suggest continued opportunities for discerning investors and homebuyers.
Our performance significantly surpassed the broader trends.
toop.com.au/blog
For more of these stories visit
ADELAIDE 1 Bed 1 Bath 209 / 185 Morphett Street $335,000 - $360,000 Jordan Begley 0410 289 240 jordan.begley@toop.com.au www.209-185morphett.toop.com.au Sat 16 March 11am - 11:30am Open: BROMPTON 3 Bed 2 Bath 2 Car 27 / 62 Hawker Street Contact agent Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.27-62hawker.toop.com.au Sat 16 March 11:30am - 12pm Open:
Thomas
BROMPTON 3 Bed 2 Bath 1 Car 104A East Street $850,000 Thomas Crawford 0448 888 816 Vincent Doran 0466 229 880 www.104aeast.toop.com.au Sun 17 March 10am on site Auction: Sat 16 March 12:30pm - 1pm Open: CROYDON 4 Bed 2 Bath 2 Car 19 Robert Street Contact agent
Crawford 0448 888 816
Cameron 0412 915 108 www.19robert.toop.com.au Sun 17 March 10:30am - 11am Open:
Sally
Thomas
Thomas
Jake
CROYDON PARK 3 Bed 2 Bath 1 Car
Alvis Road Contact agent
11
Crawford 0448 888 816
Doran 0466 229 880 www.11alvis.toop.com.au Sat 16 March 10am on site Auction: Sat 16 March 9:30am - 10am Open: DEVON PARK 3 Bed 2 Bath 3 Car
Bolingbroke Avenue Contact agent
Vincent
14
Crawford 0448 888 816
Theo 0422 959 650 www.14bolingbroke.toop.com.au Sat 16 March 1:30pm - 2pm Open:
ELIZABETH PARK 3 Bed 1 Bath 1 Car 31 Hayles Road Contact agent Scott Thomson 0414 427 427 scott.thomson@toop.com.au www.31hayles.toop.com.au Sat 16 March 1pm - 1:45pm Open: FREWVILLE 3 Bed 2 Bath 2 Car 101 Conyngham Street $1,400,000 - $1,540,000 Grant Wills 0419 865 829 grant.wills@toop.com.au www.101conyngham.toop.com.au Sat 16 March 11am - 11:45am Open:
GLENELG EAST 3 Bed 1 Bath 3 Rugless Terrace Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.3rugless.toop.com.au Sat 23 March 3:30pm on site Auction: Sat 16 March 12pm - 12:30pm Open: GLENELG NORTH 2 Bed 1 Bath 1 Car 3 / 5 Munro Street $500,000 Nicole Neill 0413 879 889 nicole.neill@toop.com.au www.3-5munro.toop.com.au Wed 20 March 10:30am on site Auction: Sat 16 March 11am - 11:30am Open:
HIGHBURY 3 Bed 3 Bath 4 Car 57 Beckman Avenue Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.57beckman.toop.com.au Wed 27 March 6pm on site Auction: Sat 16 March 3:30pm - 4pm Open: LONGWOOD 1 Bed 1 Bath 1 Car 17 Conrad Road, Contact agent James Lindsay 0434 182 351 james.lindsay@toop.com.au www.17conrad.toop.com.au Sat 16 March 11am - 11:30am Open:
MOUNT BARKER 3 Bed 1 Bath 4 Car 62 Alexandrina Road Contact agent James Lindsay 0434 182 351 james.lindsay@toop.com.au www.62alexandrina.toop.com.au Sat 16 March 2:30pm - 3pm Open: MYRTLE BANK 5 Bed 2 Bath 3 Car 84 Ferguson Avenue Contact agent Gena Nash 0408 828 415 Lew Toop 0419 888 893 www.84ferguson.toop.com.au Sat 16 March 1:30pm on site Auction: Sat 16 March 1pm - 1:30pm Open:
NETHERBY 4 Bed 2 Bath 2 Car 532 Fullarton Road Contact agent Glenn McMillan 0476 394 663 Peter McMillan 0417 733 900 www.532fullarton.toop.com.au Sat 16 March 10am - 10:30am Open: NORWOOD 4 Bed 2 Bath 1 Car 3 Cypress Street Contact agent
Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.3cypress.toop.com.au Sat 16 March 10am - 10:45am Open:
Ryan
OAKLANDS PARK 4 Bed 2 Bath 2 Car 79A Bombay Street Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.79abombay.toop.com.au Sat 16 March 12:30pm - 1pm Open: PARADISE 4 Bed 3 Bath 2 Car 14B Parkwood Avenue $898,000 - $985,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14bparkwood.toop.com.au Sat 16 March 10:30am - 11am Open:
ROSSLYN PARK 6 Bed 3 Bath 2 Car 12 Gillard Drive Contact agent Ryan Yuan 0422 429 939 Lalita Yuan 0433 402 255 www.12gillard.toop.com.au Sat 16 March 11:30am - 12pm Open: ROSTREVOR 3 Bed 2 Bath 1 Car 4B Kingswell Avenue Contact agent Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.4bkingswell.toop.com.au Sat 16 March 2:30pm - 3pm Open:
ROSTREVOR 3 Bed 2 Bath 2 Car 14 Chapel Way Contact agent Sally Cameron 0412 915 108 Sally.Cameron@toop.com.au www.14chapel.toop.com.au Sun 17 March 11am - 11:30am Open: SEACOMBE HEIGHTS 4 Bed 3 Bath 4 Car 109 Braeside Avenue $1,650,000 Sharee Redic 0407 722 660 Cassandra Yeates 0407 871 851 www.109braeside.toop.com.au Sat 16 March 1:15pm - 1:45pm Open:
TERINGIE 5 Bed 4 Bath 2 Car 14 Coach House Drive $2,350,000 - $2,500,000 Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.14coachhouse.toop.com.au Sat 16 March 12:30pm - 1pm Open: TERINGIE 4 Bed 1 Bath 10 Car 5 Teringie Drive Contact agent Alexander Parzis 0410 588 633 Hayley Parzis 0411 318 382 www.5teringie.toop.com.au Sat 16 March 11:30am - 12pm Open:
Gena
WALKERVILLE 3 Bed 2 Bath 2 Car 31B Brunswick Street Contact agent
Cameron 0412 915 108 Sally.Cameron@toop.com.au www.31bbrunswick.toop.com.au Sun 17 March 11am - 11:30am Open: WEST BEACH 6 Bed 3 Bath 6 Car 104 Seaview Road Contact agent
Sally
Nash 0408 828 415
Toop 0419 888 893 www.104seaview.toop.com.au Sat 16 March 11am - 11:30am Open:
Lew
Thomas
23
Thomas
Vincent
WEST CROYDON 4 Bed 1 Bath 3 Car
Margaret Avenue Contact agent
24
Crawford 0448 888 816
Doran 0466 229 880 www.24margaret.toop.com.au Sun 24 March 2pm on site Auction: Sat 16 March 12:30pm - 1pm Open: WEST HINDMARSH 5 Bed 2 Bath 2 Car
Vincent
Glanton Street Contact agent
Crawford 0448 888 816
Doran
229
www.23glanton.toop.com.au Sat 16 March 11:30am - 12pm Open:
0466
880
ADELAIDE 3 Bed 2 Bath 2 Car Sharee Redic Contact agent 0407 722 660 sharee.redic@toop.com.au www.vault.toop.com.au BLACK FOREST 3 Bed 1 Bath 1 Car Grant Wills Contact agent
865 829 grant.wills@toop.com.au www.vault.toop.com.au
0419
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
BOWDEN 2 Bed 1 Bath 1 Car
Contact agent
BROMPTON 3 Bed 1 Bath 1 Car
Contact agent
CAMPBELLTOWN 4 Bed 2 Bath 4 Car Ben Scadden Contact agent 0401 573 580 ben.scadden@toop.com.au www.vault.toop.com.au CHERRY GARDENS 6 Bed 3 Bath 6 Car James Lindsay Contact agent 0434 182 351
www.vault.toop.com.au
james.lindsay@toop.com.au
GLENSIDE 2 Bed 1 Bath 1 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au GOLDEN GROVE 3 Bed 2 Bath 4 Car Alexander Parzis Contact agent 0410 588 633 alexander.parzis@toop.com.au www.vault.toop.com.au
Vincent Doran
0466 229 880
vincent.doran@toop.com.au
www.vault.toop.com.au
Jake Theo
0422 959 650
jake.theo@toop.com.au
www.vault.toop.com.au
3 Bed 2 Bath 1 Car
MARLESTON
Contact agent
3 Bed 1 Bath 1 Car
NORTHFIELD
Contact agent
NORWOOD 2 Bed 1 Bath 1 Car Grant Wills Contact agent 0419 865 829 grant.wills@toop.com.au www.vault.toop.com.au PARADISE 4 Bed 2 Bath 2 Car Sharee Redic Contact agent
722 660 sharee.redic@toop.com.au www.vault.toop.com.au
0407
alexander.parzis@toop.com.au
Anita
0413
anita.hardingham@toop.com.au
PARADISE 4 Bed 3 Bath 2 Car
Parzis Contact agent
588 633
Alexander
0410
PICCADILLY 3 Bed 1 Bath 2 Car
www.vault.toop.com.au
Hardingham Contact agent
335 706
www.vault.toop.com.au
Anita
Amelia
0422
amelia.langhans@toop.com.au
PICCADILLY 3 Bed 1 Bath 10 Car
Hardingham Contact agent
335 706
www.vault.toop.com.au PORT ADELAIDE 3 Bed 2 Bath 2 Car
0413
anita.hardingham@toop.com.au
Langhans Contact agent
125 242
www.vault.toop.com.au
ROSTREVOR 2 Bed 1 Bath 1 Car Thomas Crawford Contact agent 0448 888 816 thomas.crawford@toop.com.au www.vault.toop.com.au SALISBURY 4 Bed 3 Bath 8 Car Jake Theo Contact agent 0422 959 650 jake.theo@toop.com.au www.vault.toop.com.au
Alexander
0410 588 633
alexander.parzis@toop.com.au
www.vault.toop.com.au
Alexander
0410 588 633
alexander.parzis@toop.com.au
www.vault.toop.com.au
SEACOMBE HEIGHTS 4 Bed 2 Bath 2 Car
Parzis Contact agent
3 Bed 2 Bath 2 Car
SKYE
Contact agent
Parzis
Sally
0412 915 108
sally.cameron@toop.com.au
www.vault.toop.com.au
Jordan Begley
0410 289 240
jordan.begley@toop.com.au
www.vault.toop.com.au
TANUNDA 5 Bed 3 Bath 10 Car
Cameron Contact agent
6 Bed 4 Bath 4 Car
TUSMORE
Contact agent
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
Thomas Crawford
0448 888 816
thomas.crawford@toop.com.au
www.vault.toop.com.au
CROYDON 3 Bed 1 Bath 2 Car
WEST
Contact agent
CROYDON 3 Bed 1 Bath 1 Car
WEST
Contact agent